Bath & Body Works (NYSE:BBWI) PT decreased to $42.00

Bath & Body Works (NYSE:BBWI – Get Free Report) The price target was decreased by analysts at Raymond James from $51.00 to $42.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 31.05% from the stock’s previous close.

A number of other equities research analysts have recently commented on the company. UBS Group decreased their price objective on Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on Bath & Body Works from $57.00 to $54.00 and set a “buy” rating for the company in a report on Monday. Telsey Advisory Group restated an “outperform” rating and issued a $53.00 target price on shares of Bath & Body Works in a research note on Wednesday. Bank of America reduced their price objective on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Robert W. Baird decreased their price target on Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday . Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Bath & Body Works has an average rating of “Moderate Buy” and a consensus price target of $44.13, based on data from MarketBeat.

View the latest stock report on Bath & Body Works

Bath & Body Works stock performance

NYSE:BBWI opened at $32.05 on Thursday. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 1.16 and a beta of 1.85. The company has a fifty day moving average of $35.91 and a 200 day moving average of $42.77. Bath & Body Works has a 1 year low of $27.30 and a 1 year high of $52.99.

Bath & Body Works (NYSE:BBWI – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%. On average, equities research analysts anticipate that Bath & Body Works will post 3.29 EPS for the current year.

Institutional commercialization of bathroom and body work

A number of institutional investors and hedge funds have recently modified their holdings of BBWI. Anomaly Capital Management LP acquired a new stake in Bath & Body Works during the second quarter valued at $113,995,000. Norges Bank purchased a new position in shares of Bath & Body Works in the 4th quarter valued at approximately $101,669,000. Lone Pine Capital LLC lifted its position in shares of Bath & Body Works by 20.0% during the 4th quarter. Lone Pine Capital LLC now owns 10,448,872 shares of the company’s stock worth $450,973,000 after bought another 1,742,471 shares during the period. Sound Shore Management Inc. CT boosted its stake in shares of Bath & Body Works by 379.2% in the 4th quarter. Sound Shore Management Inc. CT now owns 1,903,258 shares of the company’s stock valued at $82,145,000 after buying an additional 1,506,110 shares during the last quarter. Finally, Cadian Capital Management LP bought a new stake in Bath & Body Works in the fourth quarter valued at $58,266,000. 95.14% of shares are currently owned by institutional investors.

Bath & Body Works Company Profile

(Get a free report)

Bath & Body Works, Inc operates a specialty retailer of home fragrances, body care and soaps and disinfectant products. It sells its products under the Bath & Body Works, White Barn and other brands through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by franchise, license and wholesale partners . arrangements.

Further reading

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